[go: up one dir, main page]
Skip to main content
SpringerLink
Log in

Decision-making and coordination of green supply chain with corporate social responsibility under loss aversion

  • Special Issue
  • Published:
Evolutionary Intelligence Aims and scope Submit manuscript

Abstract

This paper takes a two-level green supply chain composed of a manufacturer and a retailer as the research object, and investigates the influence of loss aversion preference and corporate social responsibility (CSR) on the optimal pricing, green decision-making and performance of supply chain members. Firstly, the basic game models under three different decision-making situations are constructed, and the optimal decision of the above models is obtained. Secondly, the results of different decision-making models are compared, and the influence of corporate social responsibility level and loss aversion preference on supply chain decision-making and performance is analyzed. Finally, in order to improve the performance of supply chain, a combined contract of revenue sharing and responsibility sharing is designed to coordinate the green supply chain under different preferences of the manufacturer. The results show that the retailer undertaking CSR is conducive to the green development of the supply chain, but the loss aversion preference of the manufacturer will have a negative impact on the supply chain members. In addition, when the manufacturer has rational preference, with the improvement of the retailer’s CSR level, the effective coordination interval length of coordination factors under combined contracts increases, and the coordination flexibility of supply chain increases. When the manufacturer loss aversion preference, the upper and lower limits of the coordination factor of the combined contract will increase with the increase of loss aversion preference, and the length of the coordination interval will decrease, which will lead to the difficulty of cooperation among supply chain members.

This is a preview of subscription content, log in via an institution to check access.

Access this article

Log in via an institution

Subscribe and save

Springer+ Basic
$34.99 /Month
  • Get 10 units per month
  • Download Article/Chapter or eBook
  • 1 Unit = 1 Article or 1 Chapter
  • Cancel anytime
Subscribe now

Buy Now

Price excludes VAT (USA)
Tax calculation will be finalised during checkout.

Instant access to the full article PDF.

Institutional subscriptions

Fig. 1
Fig. 2
Fig. 3
Fig. 4

Similar content being viewed by others

Explore related subjects

Discover the latest articles, news and stories from top researchers in related subjects.

References

  1. Reham A, Eltantawy GL, Fox LG (2009) Supply management ethical responsibility: reputation and performance impacts. Supply Chain Manag Int J 14(2):99–108

    Article  Google Scholar 

  2. Kahneman D, Tversky A (1979) Prospect theory: an analysis of decision under risk. Econometrica 47(2):263–291

    Article  MathSciNet  Google Scholar 

  3. Ma P, Shang J, Wang H (2017) Enhancing corporate social responsibility: contract design under information asymmetry. Omega 52:19–30

    Article  Google Scholar 

  4. Raj A, Biswas I, Srivastava SK (2018) Designing supply contracts for the sustainable supply chain using game theory. J Clean Prod 185:275–284

    Article  Google Scholar 

  5. Liu Y, Quan BT, Xu Q et al (2019) Corporate social responsibility and decision analysis in a supply chain through government subsidy. J Clean Prod 208:436–447

    Article  Google Scholar 

  6. Panda S, Modak NM (2016) Exploring the effects of social responsibility on coordination and profit division in a supply chain. J Clean Prod 139:25–40

    Article  Google Scholar 

  7. Sinayi M, Rasti-Barzoki M (2018) A game theoretic approach for pricing, greening, and social welfare policies in a supply chain with government intervention. J Clean Prod 196:1443–1458

    Article  Google Scholar 

  8. Biswas I, Raj A, Srivastava SK (2018) Supply chain channel coordination with triple bottom line approach. Transp Res Part E 115:213–226

    Article  Google Scholar 

  9. Ni D, Li KW, Tang XW (2010) Social responsibility allocation in two-echelon supply chains: Insights from wholesale price contracts. Eur J Oper Res 207(3):1269–1279

    Article  MathSciNet  Google Scholar 

  10. Kopel M, Brand B (2012) Socially responsible firms and endogenous choice of strategic incentives. Econ Model 29(3):982–989

    Article  Google Scholar 

  11. Liu WH, Wang ML, Zhu DL (2019) Service capacity procurement of logistics service supply chain with demand updating and lossaverse preference. Appl Math Model 66(2):486–507

    Article  MathSciNet  Google Scholar 

  12. Choi TM, Ma C, Shen B, Qi S (2019) Optimal pricing in mass customization supply chains with risk-averse agents and retail competition. Omega 88:150–161

    Article  Google Scholar 

  13. Xu XS, Chan CK, Langevin A (2018) Coping with risk management and fill rate in the loss-averse newsvendor model. Int J Prod Econ 195:296–310

    Article  Google Scholar 

  14. Feng ZW, Tan CQ (2020) Pricing, green degree and coordination decisions in a green supply chain with loss aversion. Mathematics 239:2–25

    Google Scholar 

  15. Qiu RZ, Yu Y, Sun MH (2021) Joint pricing and stocking decisions for a newsvendor problem with loss aversion and reference point effect. Manag Decis Econ 42(2):275–288

    Article  Google Scholar 

  16. Liao BF, Li BY (2018) A marketing strategy in a closed-loop supply chain with loss-averse consumers. Math Probl Eng 2018:1–9

    Article  MathSciNet  Google Scholar 

  17. Zhang YW, Li B, Zhao RD (2021) Resale or agency: pricing strategy for advance selling in a supply chain considering consumers’ loss aversion. IMA J Manag Math 33(2):229–254

    MathSciNet  Google Scholar 

  18. Nash J (1953) Two-person cooperative games. Econ J Econ Soc 21(1):128–140

    MathSciNet  Google Scholar 

  19. Ghosh D, Shah J (2015) Supply chain analysis under green sensitive consumer demand and cost sharing contract. Int J Prod Econ 164:319–329

    Article  Google Scholar 

  20. Aslani A, Heydari J (2019) Transshipment contract for coordination of a green dual-channel supply chain under channel disruption. J Clean Prod 223:596–609

    Article  Google Scholar 

  21. Zhang CT, Liu LP (2013) Research on coordination mechanism in three-level green supply chain under non-cooperative game. Appl Math Model 37(5):3369–3379

    Article  MathSciNet  ADS  Google Scholar 

  22. Chen X, Wang X, Chan HK (2017) Manufacturer and retailer coordination for environmental and economic competitiveness: a power perspective. Transp Res Part E Logist Transp Rev 97:268–281

    Article  Google Scholar 

  23. Xu J, Chen Y, Bai Q (2016) A two-echelon sustainable supply chain coordination under cap-and-trade regulation. J Clean Prod 135:42–56

    Article  Google Scholar 

  24. Wang YY, Fan RJ, Shen L, Jin MZ (2020) Decisions and coordination of green e-commerce supply chain considering green manufacturer’s fairness concerns. Int J Prod Res 58(24):7471–7489

    Article  Google Scholar 

  25. Panda S, Modak NK (2016) Exploring the effects of social responsibility on coordination and profit division in a supply chain. J Clean Prod 139(1):25–40

    Article  Google Scholar 

  26. Modak NM, Panda S, Sana SS et al (2014) Corporate social responsibility, coordination and profit distribution in adual-channel supply chain. Pac Sci Rev 16(4):92–104

    Google Scholar 

  27. Ma P, Shang J, Wang H (2017) Enhancing corporate social responsibility: contract design under information asymmetry. Omega 67:19–30

    Article  Google Scholar 

  28. Hsueh CF (2014) Improving corporate social responsibility in a supply chain through a new revenue sharing contract. Int J Prod Econ 151(3):214–222

    Article  Google Scholar 

  29. Brandenburg M, Govindan K, Sarkis J, Seuring S (2014) Quantitative models for sustainable supply chain management: developments and directions. Eur J Oper Res 233:299–312

    Article  MathSciNet  Google Scholar 

  30. Zhu W, He Y (2017) Green product design in supply chains under competition. Eur J Oper Res 258:165–180

    Article  MathSciNet  Google Scholar 

  31. Feng Z and Tan C (2019) Pricing, green degree and coordination decisions in a green supply chain with loss aversion. Mathematics:239(7).

  32. Raza SA (2018) Supply chain coordination under a revenue-sharing contract with corporate social responsibility and partial demand information. Int J Prod Econ 205:1–14

    Article  Google Scholar 

  33. Huang J, Wang X, Luo Y, Yu L, Zhang Z (2021) Joint green marketing decision-making of green supply chain considering power structure and corporate social responsibility. Entropy 23(5):564

    Article  MathSciNet  PubMed  PubMed Central  ADS  Google Scholar 

  34. Moon I, Dey K, Saha S (2018) Strategic inventory: manufacturer vs. retailer investment. Transp Res Part E Logist Transp Rev 109:63–82

    Article  Google Scholar 

  35. Li S, Li M, Zhou N (2020) Pricing and coordination in a dual-channel supply chain with a socially responsible manufacturer. PLoS ONE 15(7):e0236099

    Article  CAS  PubMed  PubMed Central  Google Scholar 

  36. Chen YH, Nie PY, Wang C, Meng Y (2019) Effects of corporate social responsibility considering emission restrictions. Energy Strateg Rev 24:121–131

    Article  Google Scholar 

  37. Du S, Nie T, Chu C et al (2014) Newsvendor model for a dyadic supply chain with Nash bargaining fairness concerns. Int J Prod Res 52(17):5070–5085

    Article  Google Scholar 

Download references

Funding

This study is supported by National Natural Science Foundation of China (Nos.71361018,71671079); the Excellent Postgraduate Student “Innovation Star” Project of Gansu Province (2022CXZX-523);Gansu Natural Science Foundation (20JR5RA422), and Tianjin University Lanzhou Jiaotong University Independent Innovation Fund (2020054).

Author information

Authors and Affiliations

  1. School of Traffic and Transportation, Lanzhou Jiaotong University, Lanzhou, China

    Wenxia Li, Linzhong Liu, Yu Li & Zhuo Li

Authors
  1. Wenxia Li
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Linzhong Liu
    View author publications

    You can also search for this author in PubMed Google Scholar

  3. Yu Li
    View author publications

    You can also search for this author in PubMed Google Scholar

  4. Zhuo Li
    View author publications

    You can also search for this author in PubMed Google Scholar

Contributions

WL: Conceptualization, Methodology,Writing—original draft. LL: Writing-review & editing. YL: Data curation, Writing—original draft. ZL: Writing - review & editing.

Corresponding author

Correspondence to Wenxia Li.

Ethics declarations

Conflict of interests

The authors declare no competing interests.

Additional information

Publisher's Note

Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.

Rights and permissions

Springer Nature or its licensor (e.g. a society or other partner) holds exclusive rights to this article under a publishing agreement with the author(s) or other rightsholder(s); author self-archiving of the accepted manuscript version of this article is solely governed by the terms of such publishing agreement and applicable law.

Reprints and permissions

About this article

Check for updates. Verify currency and authenticity via CrossMark

Cite this article

Li, W., Liu, L., Li, Y. et al. Decision-making and coordination of green supply chain with corporate social responsibility under loss aversion. Evol. Intel. 17, 399–415 (2024). https://doi.org/10.1007/s12065-023-00888-2

Download citation

  • Received:

  • Revised:

  • Accepted:

  • Published:

  • Issue Date:

  • DOI: https://doi.org/10.1007/s12065-023-00888-2

Keywords

Search

Navigation